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MSE-SPICE Scheme Simplified With Technology Portal

29 July 20251 min read
GOVERNMENT SCHEMESMSE-SPICE SchemeSimplified WithTechnology Portal29 July 2025safalsetu.com

Why in the news

The MSME Ministry simplified SPICE (circular economy scheme) after banks rejected claims for lack of clarity on eligible technologies.

Key facts

  • New portal fixes that gap with 116 technologies.
  • Covers 11 sectors such as plastics, rubber and e-waste.
  • Maximum project cost ₹50 lakh; subsidy 25% of plant and machinery.
  • Apply via banks or PFIs.

About MSE-SPICE

  • Credit-linked subsidy for circular economy projects in micro and small units.
  • Cuts waste, encourages recycling and resource efficiency, and fits the net-zero by 2070 goal and LiFE movement.

Exam angle

  • Numbers: 116, 11, 3,400, 25%.

Test yourself

1. How many eligible technologies are listed on the MSME Ministry's SPICE technology portal?

The portal lists 116 eligible technologies.

2. What subsidy does the MSE-SPICE scheme offer on plant and machinery cost?

The subsidy is 25% of plant and machinery cost.

3. By FY2026-27, how many MSEs does the government aim to onboard under SPICE?

The target is 3,400 MSEs by FY2026-27.

This topic is part of Daily Current Affairs 29 July 2025 (15 topics).

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